Tata Consumer Products announced Q2 Finance Results Net profit Jump 33% to 257 crores
India is the largest company on Tata Consumer Products Limited announced second-quarter Finance results report the net profit jump of 33.1% to Rs.257 crores as against last year the same quarter net profit Rs.193.2 crores.
The company’s total revenue jump 18.5% to Rs.2,781.3 crores as against last year the same quarter revenue of Rs.2,347.1 crores.
Earnings Before Interest Taxes Depreciation and Amortization grew 26.9% to 399.6 crores during the period as against last year the same quarter 314.8 crores. Margin increase 100 bps the second quarter 14.4% as against last year the same quarter 13.4%.
India Packaged Beverages business clocked a 12% volume growth and value grew 29%.
Tata Starbucks re-open the Covid-19 impact after 86% of its stores business opened.
This company 11 new stores open and added one new Lucknow, this Starbucks total stores 196.
Tata Consumer Product Ltd, Managing Director & CEO, Sunil D’Souza Said, ‘ We posted all round revenue and profit growth during the quarter by accelerated momentum in our India business.
What I am particularly pleased about is the market share gains we have made both in tea and salt during the quarter, especially in the face of a challenging operating environment and While maintaining the momentum in our integration journey. thanks to our dedicated employees.
Tata Consumer Product Ltd’s current share price Rs.504.20.
Thank you for reading have more updates Follow Social Media and Stay tune to Businesline.info